ISTANBUL – Ministers and government representatives from 18 economies -- plus the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) -- joined in a commitment to encourage new firm formation in their countries by reducing barriers and providing incentives to help entrepreneurs start and scale.
The Startup Nations Ministerial Declaration outlines a shared responsibility to continue to improve market conditions for efficient entry and expansion of potentially high-growth firms, to strengthen the state capacity to design, implement and evaluate policies to foster the emergence of firms, and to seek ways to promote a systematic knowledge exchange among governments, private sector leaders and academic communities.
Those signing the declaration included representatives from: Argentina, Bahrain, Benin, Brazil, Cambodia, Colombia, Dominican Republic, Kenya, Mexico, Nigeria, Paraguay, Romania, Saudi Arabia, South Africa, Taiwan, The Gambia, Turkey, Uzbekistan and the European Commission's DG GROW.
The declaration was signed at the closing of Startup Nations Ministerial 2018, a high-level dialogue among policy leaders and entrepreneurship policy experts about how the public sector can encourage entrepreneurial growth. More than 100 ministers, advisers and government officials representing 34 different countries participated in the fourth annual gathering that occurs as part of the larger Global Entrepreneurship Congress.
Lütfi Elvan, the minister of development from Turkey, welcomed participants to the Ministerial, and kicked-off the opening remarks by the Steering Committee members. As part of the discussion, ministers participated in three different breakout sessions focused on topics ranging from governing with dynamic, growth-oriented businesses in mind, the role of entrepreneurship ecosystems and digital inclusion for entrepreneurship ecosystems.
The World Bank Group is part of the Steering Committee of the Startup Nations Ministerial, and other knowledge partners include the United Nations Conference on Trade and Development UNCTAD) and the Organization for Economic Cooperation and Development (OECD).
The Startup Nations Ministerial in Istanbul builds on three pilot meetings of ministers held in Milan (2015), Medellin (2016) and Johannesburg (2017) led by the United States government.